Forexpros.com Daily Analysis - 14/05/2009

EURO/USD is expected to swing and rise for the day; EURO has made the higher level consolidation and made the drop as expected from 1.3721 to 1.3556 area yesterday.
Today the trading range during Japanese session is 1.3526-1.3600. Euro is expected to make a quick drop and recovery move below the low during the early European session and then swing and firm up during mid European session to drop again during late European and early US session and then rise quickly upward from mid US session to go above the high set for today.


GBP/USD is expected to swing near low and firm up as market surprise; GBP has made the higher level consolidation and made the drop as expected from 1.5331 to 1.5088 area yesterday. Today the trading range during Japanese session is 1.5100 -1.5159. GBP is expected to make a quick drop and recovery move below the low during the early European session and then swing and firm up during mid European session to drop again during late European and early US session and then rise quickly upward from mid US session to go above the high set for today.


Analysis by: http://www.Forexpros.com - Written by Dr. Sivaraman


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